Economic Factors

The region's economy is strong and growing. In 2022, the GDP of West Sussex was £18.8 billion, while the GDP of East Sussex was £11.9 billion. Both counties are home to a diverse range of businesses, from multinational corporations to small and medium-sized enterprises (SMEs). This economic growth is driving demand for commercial space. In 2022, the take-up of office space in Brighton and Hove, the largest city in the region, was at its highest level in five years. The demand for industrial space is also strong, with several new developments underway in both West and East Sussex.

Regulatory Factors

The UK government is also supportive of the commercial real estate sector. In recent years, the government has introduced several measures to boost investment in commercial property, such as the Capital Allowances Scheme and the Seed Enterprise Investment Scheme (SEIS). The government is also committed to improving the infrastructure in the region. This includes the construction of a new bypass for Lewes in East Sussex and the expansion of Gatwick Airport. These improvements will make the region even more attractive to businesses and investors.

Overall Outlook

The overall outlook for commercial real estate in West & East Sussex is very positive. The region has a strong economy, a supportive government, and improving infrastructure. These factors are all driving demand for commercial space.

How James & James Can Help

James & James is a leading estate agent with nearly 200 years combined experience in the West & East Sussex property market. We have a team of experienced commercial property professionals who can help you with all your commercial real estate needs.

Whether you are looking to buy, sell, lease, or rent commercial property, James and James can help you find the right solution for your business. We also offer a range of other services, such as property management and valuations.

If you would like to discuss your commercial real estate needs, please call James & James today on 01903 958770 or fill out our contact form. We would be happy to help you achieve your business goals.